FBM KLCI - likely to stay range-bound

Stocks on Bursa Malaysia closed marginally higher last Friday with mild buying momentum in heavyweights and lower liners, and most regional stock markets were closed for the Good Friday holiday. The benchmark FBMKLCI closed 2.15 points or 0.12% higher at 1,852.69 after trading between 1,847.38 and 1,854.07 throughout the day. On a weekly basis, the key index was almost flat with a marginal gain of 0.03 of a point against 1,852.66 recorded the previous Friday. Gainers led losers by 455 to 362, while 331 counters were unchanged. Turnover reduced to 2.216 billion shares valued at RM1.693 billion from Thursday’s 2.52 billion shares valued at RM2.113 billion. Weekly turnover stood at 11.753 billion shares worth RM10.617 billion, compared with previous week’s 10.534 billion shares valued at RM11.026 billion. Read more>>